COPX Options History — August 2022

In August 2022, COPX traded between $28.77 and $32.52. ATM implied volatility averaged 36.3%, placing in the 18.5% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded below realized volatility by 2.8% (HV 20d: 39.1%). Max pain ranged from $29.00 to $31.00. Net GEX was positive for 16 of 23 trading days. Term structure was in contango for 22 of 23 days. Put/call ratio averaged 1.87.

Notable Days

  • 2022-08-01: Highest Volume — 3,263 contracts
  • 2022-08-08: Largest IV spike — 9.1% change
  • 2022-08-30: Highest IV Rank — 24.2%
  • 2022-08-30: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.76$28.77$32.52$29.80$29.88
Max Pain$30.70$29.00$31.00$29.00$31.00
ATM IV36.3%34.5%38.6%37.6%37.9%
Expected Move10.4%9.9%11.1%10.8%10.9%
HV 20d39.1%34.6%47.0%47.0%40.9%
HV 60d45.9%44.2%48.4%48.4%45.7%
IV Rank18.5%13.9%24.2%21.5%22.3%
IV Percentile43.6%18.3%67.5%62.3%63.1%
Term Structure2.0%-0.2%3.6%-0.2%2.9%
VWIV36.8%34.1%39.4%36.3%38.1%
Skew 25d3.3%0.8%4.8%4.3%4.4%
Skew 10d5.4%-3.6%9.4%3.6%9.4%
Call IV 25d35.6%33.5%38.4%36.4%37.1%
Put IV 25d38.9%36.2%41.7%40.7%41.5%
Bid-Ask Spread %55.0334.8274.5558.6570.98
Gamma HHI0.140.090.240.160.12
Net GEX38.9K-99.2K162.7K-22.9K-41.5K
Net DEX-1.2M-5.4M3.0M604.3K2.8M
Net VEX-41.7K-44.8K-37.2K-41.8K-40.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.870.206.912.881.43
Total Volume1,104.2611563,2633,2631,384
Total OI16,275.56512,32718,65916,65614,199

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-08-01$29.80$29.0037.6%10.8%47.0%21.5%36.3%4.3%-0.2%-22.9K604.3K-41.8K2.8858.65N/AN/A8402,4238,6637,993
2022-08-02$28.89$29.0037.5%10.8%43.6%21.5%38.0%3.1%0.9%-89.0K2.7M-41.5K2.6274.55N/AN/A8522,2348,7698,089
2022-08-03$28.77$29.0037.1%10.6%43.6%20.3%36.7%2.9%0.1%-99.2K3.0M-40.2K2.4965.30N/AN/A8042,0028,8998,129
2022-08-04$28.94$31.0037.3%10.7%38.2%20.8%37.7%2.3%1.5%-89.0K2.3M-41.0K1.5134.82N/AN/A1,2151,8368,9378,186
2022-08-05$29.52$31.0035.0%10.3%38.5%15.2%35.5%4.0%1.8%-29.7K618.4K-43.6K2.3753.53N/AN/A7881,8659,3218,199
2022-08-08$30.74$30.0038.2%10.7%36.9%23.0%37.2%2.7%1.4%88.1K-2.6M-43.7K3.2545.40N/AN/A6362,0659,4768,332
2022-08-09$30.31$31.0037.0%10.9%36.0%20.1%38.0%1.1%0.9%50.1K-1.4M-43.9K2.0251.85N/AN/A811649,5138,538
2022-08-10$31.69$31.0036.1%10.3%38.7%17.9%36.6%2.7%0.8%121.1K-4.9M-44.8K0.7346.88N/AN/A4603349,5308,590
2022-08-11$31.84$31.0035.6%10.2%34.7%16.7%36.5%0.8%1.4%118.4K-5.1M-43.7K0.7751.31N/AN/A2111639,3308,675
2022-08-12$32.14$31.0035.0%10.0%34.6%15.3%35.1%2.6%2.1%114.8K-5.4M-42.9K0.2351.57N/AN/A149359,3358,738
2022-08-15$31.10$31.0035.8%10.3%36.3%17.2%35.9%3.3%2.1%72.2K-3.0M-40.1K0.8954.04N/AN/A3563179,4238,754
2022-08-16$31.57$31.0034.9%10.0%36.1%15.0%35.6%3.3%3.1%70.6K-3.9M-40.5K0.2042.10N/AN/A304619,3928,950
2022-08-17$31.06$31.0035.6%10.2%36.7%16.6%36.5%2.3%2.7%82.5K-3.0M-40.1K2.4752.84N/AN/A451119,6918,929
2022-08-18$31.39$31.0034.7%9.9%36.6%14.5%34.1%3.2%2.6%162.7K-4.0M-40.6K2.1555.82N/AN/A781689,6858,974
2022-08-19$30.55$31.0034.9%10.0%38.1%15.0%36.4%3.2%2.7%47.7K-1.5M-38.2K1.3259.77N/AN/A801069,6758,954
2022-08-22$30.18$31.0036.5%10.5%38.4%19.0%36.2%3.6%3.6%30.8K765.6K-37.2K1.3657.84N/AN/A2563498,0654,262
2022-08-23$31.68$31.0036.3%10.4%41.5%18.3%37.1%4.7%2.5%75.6K-1.7M-41.8K0.7749.77N/AN/A3592778,2634,500
2022-08-24$31.55$31.0034.8%10.0%40.8%14.7%39.4%4.8%3.6%68.6K-1.4M-42.3K6.9161.61N/AN/A352428,4174,659
2022-08-25$32.52$31.0034.5%9.9%41.7%13.9%34.8%4.7%3.3%81.1K-3.0M-43.3K0.8936.91N/AN/A1921708,4174,838
2022-08-26$31.83$31.0036.8%10.5%40.2%19.5%37.2%3.8%2.7%65.0K-1.7M-43.8K2.3355.78N/AN/A1443368,5514,948
2022-08-29$31.36$31.0038.1%10.9%39.5%22.8%38.5%3.7%2.2%37.0K-552.4K-43.1K2.1165.81N/AN/A851798,5655,115
2022-08-30$30.07$31.0038.6%11.1%40.9%24.2%39.2%4.7%1.6%-20.8K2.2M-40.0K1.2368.54N/AN/A2723358,6285,242
2022-08-31$29.88$31.0037.9%10.9%40.9%22.3%38.1%4.4%2.9%-41.5K2.8M-40.6K1.4370.98N/AN/A5698158,7655,434